For saleSingle family
$154,900
109 Florence St
Mankato MN 56001
2 beds, 1 bath, 1,828 sqft
109 Florence St is a 2 beds, 1 bath, 1,828 sqft single family home for sale at $154,900 in Mankato MN 56001. At 20% down it rents for an estimated $1,200/mo and returns $114/mo a month at a 7.4% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $1,200/mo
- Monthly cash flow
- $114/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.4%
- Max offer
- $143,500
Offer ≤ $143,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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